It’s quite expensive to purchase a new car in Singapore because of the high COE prices. Plus, it takes quite some time to win the bid so it’s a hassle to obtain such luxurious possession. Good thing, you still have the option to buy a secondhand car in Singapore. It’s much cheaper and more practical! Here are some helpful tips in buying your first used car:
1. Learn About Car Jargon
It can be difficult for first-timers since there is a lot of unfamiliar car jargon that is needed to be learned. It’s crucial to get to know the basic terms such as ARF, OMV, COE, and PARF since these will help in determining the price range of a used car.
2. Know About Car Loans
When you buy from a used car dealer in Singapore, you have the option of getting a car loan. However, a bank loan is applicable to cars that haven’t reached 10 years old yet. If it’s more than that age, then you’ll have to refer to the used car’s OMV to know how much loan you can get.
3. Inspect the Car
Do not just look at the outer appearance of the car. You have to check its engine too! Open the front trunk or bonnet and check if the engine is clean. Also, ask the owner or car dealer to do a test drive since this lets you know if there are major car issues.
4. Choose Between a PARF or COE Car
It’s wise if you choose a COE car if you are planning to buy and upgrade your car in the future. It’s much cheaper than the PARF cars. Meanwhile, the advantage of PARF cars is that these are less used so they require minimal maintenance.
5. Check the Mileage
When you buy a secondhand car, you’ll know how “used” it is when you check its mileage. If it’s too high, then it just means that it’s going to be tough to maintain it in the long run. You might also experience engine problems often.
It can be quite complicated to buy your first secondhand car, but when you score a good one, it’s definitely worth all the effort! If ever you need some help, you may reach out to GOwheeler’s car dealers! Aside from buying used cars, they can also help in selling your used car in Singapore!
Resources:<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->https://visual.ly/community/Infographics/transportation/5-tips-buying-your-first-secondhand-car
